I do not often talk about my bank because I have a very long relationship and know how to leverage that to get what I want. I am not slamming credit unions either, but you have to read the whole story to find out. This is not a rant about fees or anything like that. I routinely pay bills online because it is easy, save on postage and they guarantee delivery by a specified date.
I thought it was transferred electronically, but I learned today it goes by mail. I found out that a payment I make quarterly to my account at my credit union did not arrive on time. Normally it would not be a big deal except my Long Term Care insurance premium is debited from that account. I set up an automatic payment in advance of the due date for my wife and myself to avoid problems. It has been working well for over a year! Well, it was supposed to arrive on March 16th and thanks to the mail it arrived on the 20th. The bank even mails it three (3) days earlier (March 13th). It seems that the weak link is the United States Postal Service.
What does a responsible person to do? I changed my automatic payment to an earlier date. It bothers me that with all the sophisticated online systems that I was affected by the U.S. Mail! Fortunately, I found some of the best articles of the week. This makes a good segue to today’s picks for Friday Night Links.
The following articles caught my attention:
Watson Inc – Is it Better To Be Frugal or Earn More?
Wealth Informatics – Are you chasing your dreams or someone else’s?
Wealth Pilgrim – What is a Mutual Fund?
Yes, I Am Cheap –Some Store Brands and National Brands Are The Same
Young and Thrifty – 9 Reasons Why I deactivated Facebook
The selection of blogs is up to the committee of one established by krantcents as a representative of the Academy of Frugal Journalistic Writers. That committee can be influenced by meaningful comments, signing up for my RSS feeds, backlinks, links, trackbacks, Facebook Likes, Twitter, Re-tweets, Digg, StumbleUpon, delicio, Yahoo Buzz, Google Bookmarks and other social media. If you plan on creating a single purpose political action committee (PAC) to buy advertising on my blog to solely influence the committee, please go ahead! Please understand it will not influence the results.
I read more than five hundred (500) articles a week and I highlight just five (5) in my Friday Night Links. Big banks or credit unions all brought down by the U.S. Mail! Thank you for reading Friday Night Links Bank Edition.
Photo by: Chase Lindberg Photography